If it is done for inadequate consideration, then clubbing is applicable and Income is taxable in the hands of transferor
Income from Assets transferred to any other person for the benefit of spouse
Last updated at Aug. 17, 2015 by Teachoo
Different types of Clubbing
Transfer of Income when there Is No Transfer Of Assets
Revocable and Irrevocable Transfer
Salary/Remuneration received from Spouse’s concern
Asset transferred to spouse
Income from Assets transferred to any other person for the benefit of spouse You are here
Asset Transferred to Son’s wife.
Income from Asset transferred to any other person for the benefit of Son’s Wife
Income of Minor Child
Income from self occupied property converted into Joint Property :
Cross Transfer to Avoid Clubbing
Income Tax
Clubbing of Income of Other Persons
About the Author
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 9 years. He also provides Accounts Tax GST Training in Delhi and Pune.